0
A "general price increase" is the term commonly used to describe an increase in price levels across a broad spectrum of goods and services rather than, say, an increase in just oil prices, perhaps due to a "one time" event like a hurricane in a refinery area, or a war in the Middle East.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is a general rise in prices?
A general rise in price is usually referred to as inflation; however, in economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
Is it true that in general an increase in price increases the break even point if all costs are held constant?
No
What happen if a country prints more money and put it into circulation?
That will cause inflation. I.e increase in general price of commodities in the market
What happen to most goods and services when there is an increase in price?
When there is an increase in price, there is a decrease in the quantity demanded.
An increase in quantity supplied can be caused by?
increase in price
What terms best describe an increase in the general market price prices of goods and services?
Inflation
What is a general rise in prices?
A general rise in price is usually referred to as inflation; however, in economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
What is the general price for a VW EOS 2013?
The general price for a Volkswagen EOS 2013 in the United States start from $34,650. This can increase up to $41,450 depending on options, and this excludes local taxes.
Is it true that in general an increase in price increases the break even point if all costs are held constant?
No
What is a rise in prices?
A general rise in price is usually referred to as inflation; however, in Economics, inflation refers to an increase in the supply of currency, which in turn causes a general increase in prices. The more money that's circulating, the less each unit is worth; thus, the price of everything goes up.
What is the verb in Avocados increase in price after a drought?
Avocados will increase in price after a drought.
What happen if a country prints more money and put it into circulation?
That will cause inflation. I.e increase in general price of commodities in the market
How would high oil prices cause inflation?
oil in general is used i production of goods and services.. oil as in petrol oil can be used in manufacturing products and if oil price is high, cost of production would be on the increase so this will result in the increase in the price of that product.
How do you calculate price increase?
Calculating price increase takes several steps. First, the actual increase must be determined. Then the difference must be divided in order to find out the actual percentage of the price increase.
How you can increase general reserve when your profit has also decreased?
how can we increase the general reserve
In general an increase in temperature?
A general increase in temperature increases the reaction rate.
What is the difference between increase in demand and an increase in quantity demand?
Increase in demand::It imply rightwaed shift of demand curve.Therefore change in factors other than price.1. increase in taste increase in demand curve2. increase in popoulation increase in demand curve3. increase in income increase demand if normal good4. fall in income increase demand if an inferior good5. increase in price of substitute (pepsi) increase demand for good(coke)6. fall in price of complement (beer) increase demand for good7. if we expect the price of the product to increase in the future , our demand today will increase.Increse in quantity demanded::Movement up the demand curve.Therefore change in price-------- increase in price cause a decrese in quantity demanded,decrese in price cause an increase in quantity demanded .
